Questions about Qualifying for GMAC Lease Program *Please Help!!*

[Hammer1]

Hi, I'm pretty new to this whole credit thing. Just signed my husband and myself up for ScoreWatch here and True Credit monitoring through TransUnion.

I'm looking to lease a car through GMAC and was wondering how strict they are on credit scores/qualifying information.

Up until the purchase of our home last year, our credit scores were in the high 700's. Having just pulled our scores, I was surprised to see 699/656/643 (husband) and 728/704/650 (myself). First off what caused that massive drop and second why such the fluctuation between bureaus?

I guess my question is, do you see us qualifying for the lowest interest lease program? I heard rumors they only pull TransUnion, but obviously haven't confirmed that. Any advice would be great!

[CreditDrama85]

yes, TU most likely will be pulled and you should qualify for a low rate with those scores. your scores may no be as high as you would like because your balance to high credit on the mortgage has not had a chance to decrease and the loan is still relatively new....

[Schoolbuskid]

I was told my GMAC that they most likely pull Experian, and scores had to be in the 700's!

Also check Edmunds.com(Forums) they have useful information that would benefit you!

Message Edited by Schoolbuskid on 02-17-2008 06:35 PM